2024-08-20 14:03:36
👉The certainty of timely reimbursement is very high
The liquidity factor is excellent and is supported by good key element protection factors. The risk factor is minimal.
👉Key Performance Factors
The rating is based on the following positive factors:
Burkina Faso and the UMOA region have maintained their leadership despite the difficulties they have faced;
Despite the adverse economic situation in Burkina Faso and the UMOA region, the Bank’s commercial and financial performance continued to improve;
The concentration of the 50 largest commitments increased;
Improved net operating ratio.
The main factors that indicate weak credit quality are:
👉The cost of risk is worsening and will remain large by the end of 2023;
Tight monetary policy;
The socio-political and security environment remains fragile
Boxed
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Coris Bank International SA (abbreviated as CBI SA) is a public limited company organized under the laws of Burkina Faso, established in January 2008 following the acquisition of the assets of the Burkina Faso Finance Corporation (FIB-SA) by Etablissement NASSA (a family business). It is the first banking subsidiary of the Coris Holding group.
The Ministry of Economy, Finance and Development of Burkina Faso issued Decree No. 754/MEF/SG/DGTCP/DAMOF on December 26, 2007, authorizing it to carry out banking operations.
Furthermore, the company is registered with the Trade and Property Credit Registry (RCCM) with registration number BF OUA 2000 B 932 and its head office is located at Ouagadougou, 1242, Avenue Docteur Kwamé N’Krumah, 01 BP 6585 Ouagadougou 01- Burkina Faso.
As of December 31, 2023, its share capital amounted to 32 billion CFA francs and was majority owned (61.03%) by CORIS HOLDING.
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